Emcor (EME) Q3 2025 10-Q Quarterly Report
Emcor (EME) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Emcor Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $4.30B for Q3 2025, up 16.4% from $3.70B Q3 2024; growth driven by all segments, with $306.6M from acquisitions
- • Operating income $405.7M Q3 2025, up $42.2M YoY; operating margin 9.4% vs 9.8% YoY, margin decline due to U.S. electrical segment margin drop
- • Best segment: U.S. electrical construction revenues up $440.2M YoY, operating income $145.2M (11.3% margin); worst segment: U.S. industrial services margin 2.2% vs 1.1% YoY but nine-month margin decline to 1.4% from 3.5%
- • Cash and equivalents $655.1M at Q3-end down $684.1M YTD, operating cash flow $777.7M vs $938.4M prior year, investing cash use increased $734M due to Miller Electric acquisition
- • Management expects strong demand across sectors; sale of UK building services anticipated by year-end; cautious outlook on labor productivity and investment in workforce development impacting margins
Risk Factors
- • Section 'risk_factors' was empty or not found.
Emcor Q3 2025 Quarterly FinancialsXBRL
Revenue
$4.3B
▲ +16.4% YoY▼ -0.1% QoQ
Net Income
$295M
▲ +9.3% YoY▼ -2.2% QoQ
Gross Margin
19.4%
▼ -46bp YoY▲ +5bp QoQ
Operating Margin
9.4%
▼ -40bp YoY▼ -21bp QoQ
Net Margin
6.9%
▼ -44bp YoY▼ -15bp QoQ
ROE
8.9%
Total Assets
$8.6B
EPS (Diluted)
$6.57
▲ +13.3% YoY▼ -1.9% QoQ
Operating Cash Flow
$476M
▼ -9.7% YoY▲ +145.5% QoQ
Source: XBRL data from Emcor Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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